The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-24
CONDITION OF THE MARKETS
Saturdays Dizziness Disappears and
Wheat Shows Increased Activity.
Corn and Oats Open Weak and Close Quiet and
Steady--A Temporary Weakness in Pro-
visions, Followed by Steady Close.
MONEY, BONDS AND STOCKS.

Quiet and Generally Firm Market, Closing
Moderately Active but Heavy.
NEW YORK. May 23-Money on call loaned
from 81 to per cent, last loan being made at
81, closing offered at 81 per cent.
Prime mercantile paper. 5053 per cent
Sterling exchange was dull and steady at
As57 a. Sc for sixty day bills and "a. 874 for de-
mand.
The total sales Of stocks to-day were 279, 913
shares, including the following: Delaware.
Lackawanna g. Western, 10000; Erie, %, 900;
Fort Worth & Denver. 4, 800; Kansas Texas,
B,560; Lake Shore 6,375; Louisville & Nashville.
5000; Missouri Pacific, $3.50; North western, TO-.
B50 Oregon Transcontinental. $780, Pacific
Mail $50; Reading, 7,240. St Paul. 2l,3lO;
St. Paul e. Omaha. 3. 400; Texas Pacific, IL, $40;
Union Pacific A. 400; Western Union. 16 947.
The new week in the Stock Exchange opened
with a Quiet and generally firm market, which
later developed weakness throughout the list,
leaving prices at the close considerably below
Saturdays closing The trading was almost en-
tirely professional with little or margin for
arbItrage business. and with somewhat higher
rates for money The important stocks
comparatively neglected throughout the day, and
a few speciaIties monopoiZed the bulk OF the
interest. The feature of the market was an up
in St Paul 6 Duluth common, part
of which only was afterwards lost
The story was that under the terms of Its issue
redeemed from the proceeds of land sales, in
which case the common stock would fall heir to
the surplus. The Oregon stocks showed some
strength, but the gains were afterwards wiped
out There was a considerable hammering for
the purpose of acquiring lines of stocks. and
room traders INDUCED their bearish proclivites
by vigorous attacks on New England. The en-
tire list yielded to the pressure, there being
conspicuous absence of support, while the mar
ket showed decided animation on the decline
The fluctuations of the leading stocks were
gen for
opened firm, with advances over Saturdays
hnal fgnres extending to &, while North western
was 4 lower. The trading moderate in
volume, and the general list was alternately
heavy and firm, with a general tendency toward
the latter. A few stocks, among which St Paul
e. Duluth and Oregon Improvements were con-
Bpicuous, made marked advances. while Fort
Worth q Denver specially weak. Beyond
the further advance in St. Paul & Duluth the
forenoon's business presented no other features.
In the afternoon, however. the entire market
became heavy to weak. upon an increased BUSH
ness. and New England was the principal suf-
ferer. Late in the day. St. Paul q Duluth lost
moderately active and heavy at or near the low
est price Of the day. Sales, 279.913 shares, to
which New England contributed 25,9l5; Erie.
% 900; ST. Paul, q, $685. Western Union
16947 Pacific Mail. ID. $50; Texas Pacific 13. 620;
St Paul & Duluth, 1850 and North western,
10.350 The entire active list is lower this even
ing and Fort Worth g. Denver is down IL Nor
folk and Western preferred, aud New England.
IL; Canada Southern II; Marshall Coal and
Pacific Mail. IL; st. Paul and others fractional
amounts. St Paul IL Duluth, however, is up
g.
There was a moderate business in railroad
bonds; sales, ST.. 635, 000 Beyond the Atlantic
& PacihN incomes, In which the business was
S465, 900, there was very little feature, though
Denver q Rio Grande tours were moderately
lctive, with sales of $l10.0 900. There were few
i'm por mt changes. indianapolis. Bloomington
g. Western first preferred sevens rose 2, to 122;
Texas Pacific consols, A. to 103
Government bords dull, but firm to
strong.
State bonds were dull and steady.
Closing quotations were: